Daily Report December 19, 2017

European Markets:    

European markets traded sharply higher with all bourses and leading sectors closing in positive territory. The DAX lead the way on a triple point move to close up more than 1.6% and above the 13,300 level. The US tax bill approval and merger and acquisition activity coupled with strength in miners and basic resources were the basic reasons behind the markets move. Anglo American lead basic resources stocks following a BMO upgrade to close up 5% on the day.

 

MarketsDAXCAC40FTSEEUSXX50
18.12.20171.61% 1.33%0.62%1.37%
1 Month 2.45%1.91%2.12%1.75%
1 Year16.5%12.4%7.41%10.79%
     

  

                                                                                 

                                                                                                 MARKET MOVERS  

Deutsche Bank.de3.39%EasyJet.uk-2.82%
Siemens.de2.36%WPP.fr       -1.73%
VW.de 2.3%  
Anglo American.uk5%  
Ashtead.uk2.8%  

 

 

Forex & Commodities markets:  

The dollar index moved lower after the surge Friday as investors look the other way and took some profits of the table. Metals gained on dollar weakness while most majors climbed vs the dollar in a narrow low volume trading day. The sterling reversed sharply to close up more than 0.5% while Platinum surged to above 910$ per ounce. There is no important news on the agenda Tuesday morning.

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
18.12.20170.5% -0.2%0.15% 0.2%0.6%-0.2%
 Dollar IndexUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-0.22%-0.42%0.25%0.3%0.05%0.73%2.4%

 

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDCHF98980.733012/129937 
NASDAQ6282615415/126496SL changed
Silver16.1310001018/1215.97New position
GOLD12574025014/121248 
USDCAD28650.7-3015/122840 
DAX13067388014/1212980 
       
OPEN PROFIT  $2830